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9 Elm Top Beverly — Photo 1 of 40

9 Elm Top Beverly — Photo 1 of 40

$3,100,000

Investment Analysis — 9 Elm Top

Beverly, MA 01915 — Beverly Cove

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01915 carries an estimated $3,550/mo in gross rent — about a 0.44% cap rate and $13,722/yr in estimated NOI at the $3,100,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

3

SqFt

2,974

Style

Single Family

Built

1970

Tucked privately away in one of Beverly Cove’s most desirable settings, this custom-built 1970 contemporary offers exceptional privacy, architectural character and approximately 140 feet of direct ocean frontage. Designed to embrace its remarkable waterfront setting, the home offers water views from virtually every window, direct water access and its own tidal beach. A reverse-living floor plan places the main living spaces on the upper level, where expansive windows, dramatic rooflines and lofted ceilings take full advantage of the surrounding landscape and coastline. The warm, inviting kitchen features rich wood cabinetry, exposed beams and a center island, while the adjoining living and dining areas provide wonderful spaces for gathering and entertaining. One of the home’s most memorable features is the spectacular screened porch projecting from the waterside of the house. Surrounded by mature trees with the water just beyond, it feels almost like being suspended in a tree house — a truly special place for outdoor dining, relaxing and enjoying the changing tides and coastal breezes. The 3–4 bedrooms are thoughtfully positioned on the lower level, creating separation between living and sleeping areas while maintaining beautiful views and a connection to the natural setting. Generous windows throughout fill the home with light and frame the water, trees and shoreline from room to room. Outdoor spaces extend naturally toward the waterfront, with mature plantings providing seclusion and multiple places to enjoy the setting. Distinctive, comfortable and wonderfully private, this is a rare Beverly Cove property with tremendous potential and an extraordinary connection to the water.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,974 sq ft principal dwelling). Lot size: 27,739 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$3,100,000
Annual Taxes$18,654

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms8
Fireplaces2
FlooringCarpet, Hardwood, Stone / Slate
BasementNone

Climate & Utilities

HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationConcrete Perimeter
ZoningR10

Property & Lot

Acres0.64
SqFt Lot27,739
Lot FeaturesWooded, Sloped

Amenities & Appliances

Water Heater • Oven • Dishwasher • Microwave • Range • Freezer • Washer • Dryer • Washer/Dryer

Neighborhood

Public Transportation • Shopping • Park • Medical Facility • Laundromat • Highway Access

Geography

Floorplan Breakdown

Structural Layout

Second
Living RoomDining RoomKitchenFamily RoomBathroom 2
First
Primary BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 1
Living Room
Lvl Second

14.166666666 x 26.916666666

Beamed Ceilings, Flooring - Wall to Wall Carpet, Window(s) - Picture, Open Floorplan, Lighting - Overhead

Dining Room
Lvl Second

13.75 x 19.333333333

Skylight, Vaulted Ceiling(s), Flooring - Stone/Ceramic Tile, Deck - Exterior, Exterior Access, Open Floorplan

Kitchen
Lvl Second

16.583333333 x 19.583333333

Cathedral Ceiling(s), Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Hardwood, Kitchen Island, Deck - Exterior, Exterior Access, Open Floorplan

Family Room
Lvl Second

16.25 x 9.666666666

Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture, Cable Hookup, Open Floorplan

Primary Bedroom
Lvl First

14.166666666 x 14.416666666

Bathroom - Full, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture, Cable Hookup, Dressing Room

Bedroom 2
Lvl First

12.916666666 x 1211

Bedroom 3
Lvl First

9.5 x 9.75

Flooring - Wall to Wall Carpet, Window(s) - Picture, Recessed Lighting

Bedroom 4
Lvl First

16.5 x 27.583333333

Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Window(s) - Picture

Bathroom 1
Lvl First

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile

Listing Provided By

Listing Agent: Fabyan And Filias Team

Listing Office: J. Barrett & Company

MLS® Number: 73576794